Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by regulatory tailwinds and new business opportunities.
Basis of our Recommendation
Protean eGov Technologies is experiencing robust revenue growth fueled by favorable regulatory changes and new business opportunities. The company is also seeing moderate margin improvements, contributing to a positive market perception. Overall, the outlook remains strong as the company capitalizes on these trends.
Why We Like This Stock
- Strong revenue growth driven by regulatory changes
- New business opportunities enhancing market position
- Moderate margin improvements contributing to profitability
Things To Watch Out For
- nan
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 882 | 841 | 998 | 1,091 | 1,190 |
| Profit Before Tax (Cr.) | 128 | 115 | 135 | 154 | 167 |
| PBT Margin | 14.5% | 13.7% | 13.5% | 14.1% | 14.0% |
| Net Profit (Cr.) | 97 | 98 | 95 | 108 | 117 |
| EPS | 23.9 | 24.2 | 23.4 | 26.5 | 28.8 |
Company Overview
Show Company Profile
Protean eGov Technologies Limited, together with its subsidiaries, provides information technology (IT) enabled e-governance services in India. The company conceptualizes, develops, and executes critical and population scale greenfield technology solutions; and offers citizen services, system integration, business process re-engineering, data center co-location, and IT consulting services for individuals, corporates, and the government. It also operates as a central recordkeeping agency and a tax information network; and processes the applications for allotment of permanent account numbers (PAN). In addition, the company offers open digital ecosystems for mobility, e-commerce, health, agriculture, education, and skilling; and Vidyasaarathi and VidyaLakshmi, which are online platforms for education loans. Further, the company provides online PAN verification services; e-KYC to manage authentication of digital IDs; eSign to facilitate digital signatures; eSignPro, which offers e-stamps and digital stamp solutions; Aadhaar authentication for digital identity; GST services; FIP and FIU technology service provider services; Data Stack, a data analytics solution; Rise with Protean, a multisectoral shop for APIs, micro services, and user journeys; ProteanX, a suite of products used to create, issue, store, and manage verifiable credentials; and Protean CKYC solution. Additionally, it offers cloud services, such as desktop as a service, storage as a service, virtual office, infrastructure as a service, managed service, and edge compute with 5G private network; and information security consulting services, including information security architecture, data privacy practice, and cyber security consulting and advisory services. The company was formerly known as NSDL e-Governance Infrastructure Limited and changed its name to Protean eGov Technologies Limited in October 2021. Protean eGov Technologies Limited was incorporated in 1995 and is headquartered in Mumbai, India.